Friday, November 8, 2024

D2C

Food brands sell less nutritious products in lower-income countries, report reveals

FMCG
Global food giants offer healthier options in wealthy nations but sell less nutritious products in lower-income countries, a recent report reveals. Report alleges Nestle, Pepsico, Unilever to dump items in poorer countries According to Reuters, a recent report...

Day 2: Swiggy’s IPO continues to receive lukewarm response with only 35% subscription

Growth
Swiggy's INR 11,324 crore IPO saw a slow response on the second day persistently, with only 35% of the shares being subscribed. Bombay Stock Exchange (BSE) data shows that investors bid for 5.57 crore shares out...

ED raids sellers linked to e-commerce giants Amazon and Flipkart 

E-Commerce
India's Enforcement Directorate (ED) conducted surprise raids on Thursday, November 7 at offices of sellers linked to Amazon and Flipkart, amid growing scrutiny of...

Lite Bite Foods launches Pan-Asian YOÜMEE outlet at Dwarka

Hotels & Restaurants
Lite Bite Foods has opened its 23rd YOÜMEE outlet at Vegas Mall in Dwarka, marking the brand's exciting entry into the city centre. According to...

CakeZone announces actress Palak Tiwari as new ambassador

Food & Beverage
CakeZone, a leading dessert brand from the House of Curefoods, has announced the appointment of popular actress Palak Tiwari as its official brand ambassador...

Emami revenue grows by 3%, reports strong quarter

FMCG
Emami Limited's Board reviewed its financial results for the quarter ending September 30, 2024. Despite India's retail challenges, Emami's revenue grew 3% to INR...

Protinex team up with Apollo Health on World Diabetes Day for free diagnosis offer

Health & Wellness
In an effort to improve diabetes management and promote early testing, Protinex Diabetes Care has partnered with Apollo Health Co (Apollo 24|7). To celebrate...

FirstCry’s parent Brainbees Solutions’ shares Drop 5% following GST investigation

Fashion
FirstCry's parent company, Brainbees Solutions, saw its shares drop over 5% after the Mumbai GST department launched an investigation into its tax practices. Brainbees Solutions'...

Middle east war slows McDonald’s growth, sales drop to half of pre-crisis levels

FMCG
Geopolitical tensions in West Asia have impacted McDonald's operations in West and South India, with some outlets struggling to achieve half their pre-crisis sales....

The Hosteller secures INR 48 Cr from V3 Ventures for expansion

Hotels & Restaurants
The Hosteller, a popular backpacker hostel chain, has secured INR 48 crore in funding. The investment is a combination of equity and debt, with...

ProV registers INR 4.86 Cr PAT, revenue surges 47% YoY in H1 FY25

Food & Beverage
Food brand Proventus Agrocom Limited (ProV) has reported strong growth in revenue and profit for the first half of fiscal year 2024-25. The company...

Zero-commission app WAAYU expands food delivery to Hyderabad

E-Commerce
Zero-commission food delivery platform, WAAYU, has started its services in Hyderabad and Secunderabad. Currently serving 500 restaurants, the startup plans to expand to over...

Pernia’s Pop-Up Shop to raise INR 250 Cr for expansion ahead of IPO

D2C
D2C designer wear retailer Pernia's Pop-Up Shop, eyeing to secure INR 250 crore before its planned IPO and has hired IIFL and Axis Capital...

Delhi HC bars Alpino from negative Oats ads following Marico lawsuit

FMCG
The Delhi High Court has ordered Alpino Health Foods Private Limited to stop publishing ads that put oats in a bad light. This decision...
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